Cardano is gaining momentum in the wake of Bitcoin’s recent surge toward a new ATH, sparking renewed optimism across the altcoin market. As capital flows from Bitcoin profits into promising Layer-1 projects, Cardano stands out with its expanding DeFi ecosystem, growing staking participation, and increasing developer engagement. With liquidity deepening across major exchanges and sentiment favoring large-cap altcoins, ADA price is positioned to ride the post-Bitcoin ATH rally, potentially revisiting the significant price levels last seen in January 2022.
Cardano’s recent momentum is being strongly backed by whale activity, with large holders steadily increasing their ADA exposure during key market dips. This accumulation trend aligns with historical patterns where deep-pocketed investors position ahead of major price breakouts, often reducing available supply and creating upward price pressure.
As Bitcoin trades near its ATH zone, this whale-driven accumulation could place ADA in a prime position to ride the anticipated altcoin season, potentially challenging the January 2022 price range in the weeks ahead.
Cardano price has surged by over 15% in the past 24 hours and by over 35% since the weekly start. The rise was followed by a massive rise in the volume, which surged from levels around $1 to $1.3 billion to as high as $3.5 billion. Therefore, it is quite evident that the ADA price will reclaim the $1 milestone anytime from now, but the major question is whether the token can sustain the gains. Or will it remain accumulated below $0.98?
With market sentiment improving and liquidity deepening, ADA is approaching a crucial breakout zone.
If Bitcoin sustains its ATH zone and capital rotation into altcoins accelerates, Cardano (ADA) price could see a parabolic move in the short to medium term and may also head towards a new ATH. Conversely, failure to maintain buying pressure could lead to a retest of key support before any sustained rally.
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